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  Bloomberg

  Fed Likely Won't Cut Until 2H: Oppenheimer's Stoltzfus

  John Stoltzfus, Oppenheimer Asset Management chief investment strategist, says the resilience of the US economy will likely mean the Federal Reserve will stay on hold until the second half of the year. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en

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  Reuters

  IBM forecasts annual revenue growth above estimates on AI adoption rush

  (Reuters) -IBM forecast full-year revenue growth above market estimates on Wednesday, banking on stable demand for its IT software and consultancy services from businesses looking to adopt artificial intelligence (AI). The company will also lay off some employees in 2024 but will hire for more AI-centered roles, an IBM spokesperson said, and will likely end the year with a largely unchanged headcount. Under CEO Arvind Krishna, the more than 111-years-old company has repositioned itself to focus on software and consulting with a renewed focus on AI, capitalizing on a broader push for its integration across industries.

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  Associated Press Finance

  How To Tech: Why it's important to turn on Apple's new Stolen Device Protection

  Apple rolled out an update to its iOS operating system this week with a feature called Stolen Device Protection that makes it a lot harder for phone thieves to access key functions and settings. The software update for iPhones and iPads includes the essential new feature designed to foil thieves from wiping phones for resale or accessing Apple ID or other important accounts. Stolen Device Protection is a new setting that's included with the latest iOS release, version 17.3.

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  Reuters

  ASML market cap tops $350 billion in record-breaking run

  ASML Holding shares hit a fresh record high for a second straight day on Thursday, bringing the Dutch group's market cap above $350 billion and cementing its lead as Europe's third-largest company by market value. The surge extended a 10% rally on Wednesday, coming after the company, which is seen as a beneficiary of the Artificial Intelligence (AI) boom, reported a growing order backlog that points to a computer chip market recovery. "It's true that AI is becoming a bit of a hype... but in the end you start to see it in the numbers, it's not all out of thin air: ASML's order boom, Nvidia's turnover boom," said Angelo Meda, head of equities at Banor SIM in Milan.